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Wednesday, August 1, 2012


LAD was one of a ton of breakouts that made pretty big moves right at the open, then promptly came back down to about where they opened. There apparently was a "glitch" in somebody's HFT program that caused the moves, and I would not be surprised if some of these trades get cancelled, which would suck it you were one of the ones selling this at today's top.  This had a very strong price realtive line coming into today, but that probably had no bearing into whether it was targeted for HFT treatment. How many times is this going to happen before the SEC does something about it?

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